Mount Yale Investment Advisors LLC Decreases Stock Position in Wells Fargo & Company (NYSE:WFC)

Mount Yale Investment Advisors LLC trimmed its position in Wells Fargo & Company (NYSE:WFC - Free Report) by 13.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,567 shares of the financial services provider's stock after selling 4,415 shares during the quarter. Mount Yale Investment Advisors LLC's holdings in Wells Fargo & Company were worth $2,007,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Mattson Financial Services LLC bought a new position in shares of Wells Fargo & Company during the 2nd quarter valued at about $25,000. Strategic Investment Solutions Inc. IL bought a new position in Wells Fargo & Company in the 2nd quarter valued at about $26,000. Truvestments Capital LLC acquired a new position in Wells Fargo & Company in the 3rd quarter valued at $29,000. Modus Advisors LLC bought a new stake in shares of Wells Fargo & Company in the fourth quarter valued at approximately $30,000. Finally, Decker Retirement Planning Inc. bought a new stake in Wells Fargo & Company during the fourth quarter worth about $32,000. Institutional investors own 75.90% of the company's stock.

Analysts Set New Price Targets

WFC has been the subject of a number of research reports. Piper Sandler raised their price objective on shares of Wells Fargo & Company from $62.00 to $75.00 and gave the company a "neutral" rating in a report on Tuesday, December 3rd. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $61.00 price objective on shares of Wells Fargo & Company in a research report on Monday, October 14th. Barclays lifted their price target on shares of Wells Fargo & Company from $90.00 to $92.00 and gave the company an "overweight" rating in a research report on Thursday, January 16th. Morgan Stanley lifted their target price on Wells Fargo & Company from $84.00 to $88.00 and gave the stock an "overweight" rating in a research note on Thursday, January 16th. Finally, Compass Point lifted their target price on Wells Fargo & Company from $60.00 to $83.00 and gave the stock a "neutral" rating in a research note on Tuesday, December 10th. Eleven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $73.39.

Wells Fargo & Company Trading Up 0.8 %

NYSE WFC traded up $0.58 during trading hours on Monday, reaching $77.90. The company had a trading volume of 10,484,573 shares, compared to its average volume of 15,845,326. The stock has a 50-day moving average of $73.19 and a 200 day moving average of $64.10. Wells Fargo & Company has a 1-year low of $47.45 and a 1-year high of $78.30. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 1.07. The stock has a market capitalization of $259.37 billion, a P/E ratio of 14.48, a price-to-earnings-growth ratio of 1.17 and a beta of 1.18.

Wells Fargo & Company (NYSE:WFC - Get Free Report) last issued its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $1.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.34 by $0.09. The company had revenue of $20.38 billion during the quarter, compared to the consensus estimate of $20.58 billion. Wells Fargo & Company had a net margin of 15.73% and a return on equity of 12.38%. The firm's quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.86 earnings per share. As a group, research analysts anticipate that Wells Fargo & Company will post 5.84 earnings per share for the current fiscal year.

Wells Fargo & Company Company Profile

Wells Fargo & Co is a diversified and community-based financial services company, which engages in the provision of banking, insurance, investments, mortgage, and consumer and commercial finance products and services. It operates through the following segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth and Investment Management.